Journal Socio-Economic Analyses
“ST. CYRIL AND ST. METHODIUS” UNIVERSITY OF VELIKO TARNOVO - UNIVERSITY PRESS

Innovation and Trade Credit


Authors:
Galya Taseva BAS, Bulgaria

Pages: 15-27
DOI: https://doi.org/10.54664/BBRI6396

Abstract:

The article examines the relationship between trade credit and SMEs’ innovation activity in Bulgaria. The results of the empirical study show a positive statistically significant relationship between the cost of innovation and the size of trade receivables and payables of firms that are net debtors of trade credit, but not for firms that are net lenders. In addition, companies that have developed innovative products and services are more likely to use the services of factoring companies. Trade credit is important for the innovation activity of SMEs who have difficulty securing financial resources.

Keywords:

Innovation; trade credit; factoring; accounts receivable; trade payables

Download


842 downloads since 30.6.2020 г.
United States / Canada / NA / Russian Federation / Bulgaria / Pakistan / Ukraine
  • © ST. CYRIL AND ST. METHODIUS UNIVERSITY OF VELIKO TARNOVO 2016 - 2024